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of blame to go around here. i don't want to try to push it one way or the other. but seeing bob dole on the floor yesterday of the congress, on the disability question and remembering how bob dole and george mitchell, how much they respected each other, how much they worked together, how much they both wanted to negotiate. there was a sense in the senate especially, but even in the house some years ago, that the purpose of being there was to make progress for the country. yes, you made your arguments loud and clear. at end of the day you sat down and negotiated it out because that's what the country needed. now, there's this -- there's this willingness to keep trying to pin the political blame on the other side, keep trying to push the other side, making sure they get the blame if this thing goes down rather than sort of saying, how do we make sure we don't go down? >> we'll leave it there. dana bash, jessica yellen, appreciate your reporting. >>> signs there could be progress, far from a done deal. as we mentioned treasury secretary said today, the obama administration is willing to
the nation." captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. >> schieffer: good morning again. well to the famous combos of modern life, from mac and cheese peanut butter and jelly rum and coke, bread and butter, and salt and pep pepper, add one more pair simpson-bowles. alan simpson may be in wyomingy and erskine bowles in north carolina but you can't mention one without think of the other. when you headed up the bipartisan deficit commission appointed by the president you laid out the dire consequences if we don't get the country back on a sound financial footing. the two sides are still at loggerheads. i guess i would start this morning by mr.-- and mr. bowles, why don't you go first-- is all this just posture or are they really going to let us go over this fiscal cliff? >> lord, i hope not bob. i think it would be disastrous for the country if we did. you know, you can look at the forecast that we have, economic growth would slow, you know, by 4%. that, by definition, puts you back into recession when you're only growing by 2%. about two m
, after retiring from blackrock, one of the most legendary investors is back at work. bob doll is here to join us, find out why he thinks we're going to get a deal on the fiscal cliff and why the tax increases and the cuts in the government won't be as severe as a lot of people are fearing. >> sounds optimistic. and a new report showing more small businesses are putting a for sale sign on their doors. who's selling, who's buying, and why? it's the internet's largestsell, marketplace for buying and selling small businesses. ♪ [ male announcer ] this is steve. he loves risk. but whether he'slimbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with peoplee trusts, which is why he trades with a company that doesn't nick and dime him with hidden fees. so he can worry about other things, like what the market is doing and b ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. can i still ship a gift in time r christmas? yeah, sure you ca great. where's yr gift? uh... whew. [ male announcer ] bre
your risk. >> it's time now for hits and misses of the week. kim, first to you. >> a miss to bob costas who used kansas city linebacker jovan belcher and used the murder of his girlfriend to go on rant on costas the usual nonsense about gun violence, the fact that he said it at all. americans are hit over the head with political fights, tax cliffs, spending, and we turn to football precisely for escape and we do not have to hear anybody's political opinions, stick to sports. >> lance armstrong was stripped of 7 tour de france titles this fall and the only american to have won cycling's biggest race, started a group called change cycling now and pushing to take over the international cycling federation, he won fair and clean in the '80s and dramatically and wants it change cycling. if anyone can do it and change the culture of doping in sports, it can be someone like greg lamond. >> paul: james. >> a hit to michigan governor rick snyder he would sign right to work legislation soon on his desk. anyone in in america should be able to choose to support a union and choose not to. >> t
this, bob pisani and john carney of cnbc. gentlemen, welcome. bob, i get how this is not helpful to workers. you lose the benefits of any dollar cost averaging. you may be ending up getting a lump sum at the end of the year. and if you leave the company before the end of the year, you don't get anything. but what's the real ben fet efi ibm? >> they save on administrative and accounting and they may have even constudies that indicate they'll actually save by make being the lump sum payment because you don't have to put it in certain times of the year and there may be overall cost savings for them. i don't think this is good news for employees at all. it's not just the loss of dollar cost averaging. i think that people may end up putting in less to their account and that's the overall issue. >> i guess savings might accrue from a fact if a worker leaves in july, ibm will have put nothing in for their worker or september or october or whenever. you got to be there into late december to get something so there are some savings there, but beyond that i don't get it. >> i bet what they'
and a hat for 38 bucks. >> add a cup of coffee and a hot dog. >> while we use the word trousers, bob pisani is here watching what's good morning, bob. >> happy monday, everybody. did you notice the market. nice rally here. again, the market is demonstrated that it believes a deal on the fiscal cliff is coming. i know. i didn't hear it over the weekend. headline risk was all anybody wanted to talk about on friday. if anybody says that a deal is not happening or it's going nowhere, we could wake up down 15 points on the s&p on monday. guess what? boehner said the deal is going nowhere. now, when i call the bulls on this, they say, bob, they didn't say a deal was off. they just said so far the negotiations are going nowhere. the market still believes that a deal is coming and it's going to be a substantive deal. instead and by the way, geithner insisted on tax rates issues. looks like there may be something happening eventually. we didn't fall apart on the whole thing. even futures weren't down overnight. instead we rally on a little bit overnight on the greek deal and for those that don't kno
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#: 1-800-345-2550 >>> we're back now with the roundtable. "the washington post" associated editor bob woodward is here. julianna goldman is here as well. your first time. welcome. i know you sat down with the president this week, his first interview since the election was over. helene cooper is back, rejoining the conversation. former speaker of the house newt gingrich and host of "the laughed word" on msnbc lawrence o'donnell. welcome to all of you. our former hill insiders. let's get right to it. newt gingrich, what about this proposition? i keep driving based on my own reporting this week, republicans are prepared to deal on tax rates if they can get more on the spending side, particularly medicare. is that where you think the action is right now? >> some republicans are prepared to do more. but as senator durbin just indicated, they are not elected to get a very big fig leaf. the president won. and he has a simple position. he wants to prove he can dominate, and he does that with getting the rates up. he has a veto pen. it's hard for me to see how it will even get to a veto. at so
the treaty. he even put a press release back in may proclaiming his support. here he is with bob dole in june. dole, a war veteran, former republican senate leader is a long-time supporter of disability rights and a strong advocate of this treaty. just before tuesday's vote he came to the senate chamber 89 years old frail in his wheelchair. he thought it was that important to make a difference. it didn't. some of the senators like senator moran broke their word and blocked the treaty. others voted now and we don't know why. you see the names on the screen there. today we called many and no one agreed to come on tonight? none will come on. some powerful conservative groups lobbied aggressively against the treaty. they used arguments that frankly didn't square with the facts, they weren't true, like this. >> this is a direct assault on us and our family to hand over to the state the ability it to make medical determinations and see what is in the best interests of the child and not look at the wonderful gift that every child is. >> former senator and presidential candidate rick santorum led the
is the united states about to get involved in syria's 20-month-old conflict? out front tonight, bob baer, peter brooks. nice to have both of you with us. bob, what do you think when does the united states get involved? >> i think the fact they're mixing it is highly alarming, of course. if they start deploying this, if they start putting it on artillery shells, if it looks like they're going to really fire this stuff, you know, i don't see any choice but we're going to have to go in. the west is completely -- what i'd also like to say is, that with the alloites, the regime that runs syria, would they use it? absolutely. if their back is against the wall and they think they're going to go down, they will use any of these binary gases that would stop the revolt, what they would -- they are that desperate. i don't know that they're at that point, but if they do, we really have to think about going in. >> you've long been critical of how the administration has been handling this, do you think they should be intervening? >> there's a lot more we could have done. this red line, which i think is a goo
done by the crc. >> so, bob, you say critics like aaa want to kill e-15 because of ethanol? what is your argument? why would they want to kill e-15? >> well, look, there's no evidence to suggest that there are any problems associated with e-15. e-15 has been the most tested fuel in the history of the environmental protection agency. in fact, there were 86 cars tested over three years. the miles driven by those cars are the equivalent of six round trips to the moon. you could not have tested e-15 any more. and the only problems that were found is a couple of deer were killed on the test track. >> okay. let me ask you this, according to aaa -- bob, i want you to tell you whether you believe this to be true or not. according to aa, bmw, chrysler, toyota, nissan do not cover damage under warranty. hyundai, kia, volvo have said e-15 might void their warranties. do you dispute that? >> ford and general motors have warrantied e-15 for 2013 vehicles and on, which is the first year they were able to provide warranty coverage because prior to that the epa did not allow e-15 be sold. prior
. >> it is me. >> number three, bob costas. did he cross the line? number five, the most outrageous royal prank ever. >> hello there. could i please speak to kate please, my granddaughter? >> this is piers morgan tonight. good evening. our big story tonight from what every one is talking about. washington's high-stakes game of "let's make a deal," to the royal prank called heard around the world. to bob costas talking about guns. and this shocking new york subway photograph. reports of chemical weapons in syria. let's get started with what promises to be a lively discussion. abbe huntsman, and a host of huff posts live. and welcome to you all. let's start with guns and the fallout of the murder and suicide of jovan bellcher and his girlfriend. bob costas of nbc spoke out about this. let's watch what he said tonight. >> i believe that there should be more comprehensive and effective controls on the sale of guns. roughly 40% of the guns purchased in this country do not require a background check for purchasing. i don't see any reason why someone should be able to purchase military style or body a
bob moffett t chairman of both companies, mmr, owns a stake in pxp, board seats. it's related. >> and yet, ackerson, did we get hold of him? he's always been very pro shareholder. this is the most anti-shareholder. unless you're a very large shareholder. >> isn't he cynical? >> these guys are different, moffett and our man in chesapeake. >> thank you. they approach the world a little different. >> is it different from you? you're fitzgerald. >> i don't want to say cavalier, but they like to take risks, that's how they built their fortune in the first police, they all take risks. >> i thought if you bought freeport, you were trying to play the grassberg, big copper, the china thing, i didn't know i was getting involved in a high stakes poker match. >> yes. which is why you're selling. >> let's get to bob pisani who's on the floor watch what's moving. >> moffett wants the cash flow from freeport who helped finance the drilling for mcmoran drilling. why did they have to spend 70% premium to buy these things? if i wanted to buy them, i could have bought them a lot cheaper, i wante
charles schumer, and republican, bob corker. then, the u.s. draws a red line. telling syrian president aassad not to use chemical weapons in the country's civil war. we'll discuss the intelligence and the possible fallout with israel's ambassador to the u.s., michael oren, a fox news sunday exclusive, plus the supreme court agrees to take up same sex marriage. we'll ask our sunday panel what the court is likely to decide, whether gays have a constitutional right to marriage. >>> and, a final farewell to my best friend, winston. all, right now, on fox news sunday. ♪ >> chris: and hello, again from fox news in washington. well, it is beginning to feel like ground hog day, in the talks to avoid the fiscal cliff. both sides dug in, no agreement in sight. and, we're now just 23 days from the brink. joining us to break down where things stand, are two leading senators. democrat charles schumer, of new york. and, republican bob corker, of tennessee. gentlemen, house speaker boehner said on friday that another week has been wasteded. senator corker, given that president obama won the electio
administration. that's coming up. >>> and bob costas strays from sports into a highly charged political debate. takes a little bit of heat on twitter about it. we're going to talk about that, too. you're watching "starting point. "we're back in just a moment. ♪ [ ding! ] losing your chex mix too easily? time to deploy the boring-potato chip decoy bag. then no one will want to steal the deliciousness. [ male announcer ] with a variety of tastes and textures, only chex mix is a bag of interesting. yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah, genius. you guys must have your own loyalty program, right? well, we have something. show her, tom. huh? you should see november! oh, yeah? giving you more. now that's progressive. call or click today. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported ca
after yesterday's big selloff. i want to get to bob here with a look at the big moves before we take a break. over to you, bob. >> we hit the one-month high on the dow, maria, led by some of the tech stocks like ibm and intel. apple was the big story. we ended positive, but just barely. apple, $50 lost in the last two days. today, huge volume. 40 million shares. that's twice normal. company telling nbc, brian williams, they'll start building some mac computer lines here in the united states. big interview on that tonight. let's take a look at some of the computer hardware stocks. nice turn around. remember that disaster with dell and hewlett a few weeks ago? they've been moving up in the last several days. look at this move and this turn around. apple to the downside. all the others in the month of december to the up side. how about the airlines? new high for the airline index. jet fuel costs are low. capacity is constrained. i'm hearing booking is returning to normal after sandy, after a hit for them. those stocks up. u.s. airways up. southwest has been on fire recently. finally, th
#: 1-800-345-2550 well, if itmr. margin?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. >>> have you noticed that the experts may be pessimistic worrying about the fiscal cliff, but the global stock market may be on a tear? let's look at some of these numbers. this is great stuff. hong kong is up 19%. this is in the past year. german dax up 25%. the french cac up 11%. thailand up 43%. japan up 6%. year to date, the usa is up over 12%. that ain't bad. let's bring in our pal, jim iuor iuorio. you know, jim, it's turning out to be a very good year and it's turning out to be a very good year on a global basis. >> no doubt about it. but let's break it down. japan's stock market has rallied huge because of promi
. democrat charles schumer, of new york. and, republican bob corker, of tennessee. gentlemen, house seaker boehner said on friday that another week has been wasteded. senator corker, given that president obama won the election, and seems to have most of the political leverage, what is the realistic deal to be made in the next 23 days? >> first of all, i think something will happen. i hope it is large enough for people like me that want to see entitlement reform to vote for. the president has leverage and the republicans have leverage with the debt ceiling and the c.r. which ends in march and hopefully cooler heads will prevail. there are different theories coming forth on how to deal with this and again, chris, it is a unique moment in history, where every developed country in the world, economists on both sides of the aisle, know the greatest threat to our country is fiscal solvency and we have a situation where the minority party is trying to leverage the president into doing something that is great for our nation and it is a very unique time and i hope the president soon will see the li
at the end of the year as a lot of retail investors want to put money to work. back to you. >>> back to bob pisani here on the nyse floor. we're down 30 points. couple of the guys came by the post and said let's see what happens at 2:00. the president is going to take to twitter. if you listen to the sunday talk shows it sounds like there is no movement whatsoever. >> yet it's not killing the markets. it's surprising a lot of people, i think. we're not moving to the downside that dramatically. about even on the advance-decline line. the dow jones industrial average was at a multi-week high this morning as we opened up. we were down 12,500 two weeks ago. so not bad sideways today. not bad at all. i think the concern is the ism number weakened the market baltimore than the fiscal cliff propped up by greece. tech has not had a very good run recently. up today, dell got an upgrade at goldman. sharon talked about gold. it may be that gold has not done too bad this year but gold stocks are not outperforming. again today they are on the downside. this has been a year of buying gold, not so much bu
out. bill: bob co stas going head-to-head with bill o'reilly about his recent on air attack about gun and a gun culture in america after the murder-suicide of an nfl player and his girlfriend. >> obviously americans have a right to bare arms i'm not looking to repeal the 2nd amendment. i have i have not immersed myself in it all my life. i never called for a probation on guns, never used the words gun control ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do bill: a rescue effort after a deadly accident inside of this water tower in eastern pennsylvania when equipment malfunctioned sending a member of the cleaning crew plummeting to his death inside and left another suspended for hours. the firefighters on the scene taking extra precaution while rescuing that second worker. >> he was talking to us from the one set that's why this was not an immediately 4 rushed operation. we took our time and put all the safety -- as much safety into the system as we could. bill: a job well done to that man anal others. a third work ownre the floor ever the 80-foot
, he was horrible in debates. >> no, you had to hold your breath all the time. >> and then bob dole, you had to hold your breath. and george w., good old guy, but that guy had trouble with the english language. >> you're going up against bubba. the best on the planet. >> it would be nice to have somebody -- >> no, that's why it was so sad when people like mitch daniels and haley didn't go in this time because they sound like churchill compared. >> guess who i just got an e-mail from? alexandra liebenthal. how exciting. julia, stay with us. >> jean just e-mailed me. >> you're a bad man. i mean, you really are. >> bad to the bone. >> we should do a segment. >> yeah. >> like the conversation we had at the dinner table. and you all have to listen. >> i have no idea what you're talking about. you wrote this past month. did you make your deadline? >> you know, again -- >> david. >> we love david. >> we love david. >> the magazine's awesome. it came with an ax. >> oh. >> i bought it for my mom for christmas. >> that was sweet. >> she'll use it. >> chop up. >> you have no idea. >> actionabl
a week. it's not that tough. >> to bob costas and gun control. the fate of a thinking man's ceo, "30 rock's" and alec baldwin live and unfiltered. >>> a heart breaking story of hope after tragedy. a mother lost three young daughters and parents in a christmas day fire last year. she's finding the strength to rebuild her life. >> for me, finding out the truth of what happened is very important. it is the way that i want to really honor and respect my parents and my children. >> this is "piers morgan tonight." >>> good evening. with everything going on in washington these days there's not many laughs in politics unless you have a guest like alex baldwin. you would call him the poster boy for liberals but plays a hard core republican and for laughs. listen to this exchange of nbc's "30 rock." >> this is why 50.1% of americans hate republicans. you are cynical and sneaky. >> i'm doing everything i can for the beliefs and i believe one rich person can make a difference and a roomful of rich people can change the wrmd. >> joining me now, the always outspoken and entertaining, liberal and republ
that could be used to make the deadly gas sarin. bob bear, i'll bring you in, cnn contributor, former cia officer. welcome back. before we talk about the specifics of sarin, let me just throw this at you. is it possible at all that this man, this mad man, bashar al assad, is bluffing? >> oh, i don't think he's bluffing. we have to consider what he represents and that's a very small community, which feels under threat. it thinks it will be destroyed by sunni fundamentalists if it loses damascus or any other big cities. they have their backs to the wall. they say among themselves that when it comes to their lives or killing the rebels they will kill the rebels. in other words, yes, they will use the sarin, i've been dealing with the people for 30 years, they're almost a cult. what seems to us completely irrational decision, they're capable of. i don't know whether they have reached this point or not, but if things get bad enough in syria, i have no dowd they'll use it. >> on this sarin gas, i was reading about it, apparently there are two key components that make this gas and they're held s
toss it to bob. bank of america continues its tear up 1.75% new 52-week high in today's session of 1064. on our radar this morning. let's send it over to bob with more on what's moving. >> happy friday. what a week. futures popped ten points on the jobs report even though october was revised downward rather notably. a good open. materials, techs, financials leading the way. i wish i could be more optimistic on the fiscal cliff. a gloomy commentary this morning. expectations are getting narrow. grand bargains are out and the idea of maybe the fallback position is pass a simple tax bill like the one the senate had. the simple bill here. you have tax cuts for middle class but not for people over 250,000. you have dividends and capital gains going to 23.8%. that's the senate bill. and that's it. you leave out estate tax and leave out payroll tax cut and unemployment extension and you leave that out. no delay in the sequestration. this is pretty thin gruel. this is what's tossed about and talked about today overall. is that enough to satisfy the markets? remember, the two requirements, got t
morning, bob costas admits he made a mistake addressing gun control during half time show of the sunday night football game. he says he should have done it when he had more time to flesh out his point of view. well, we'll be discussing that one. president obama says a deal will not happen without higher tax rates on the rich. kirsten powers, who i think has shifted to the right just a little recently, kirsten powers will be with us and defend the president's position. the city of huron, south dakota wants to ban eating while driving. all rise, the judge will have something to say about that. what can you legislate. what can you regulate in terms of behavior when you're driving. no eating? we want to hear from you e-mail us at varney@foxbusiness.com. and seven early movies.tibco so and pandora, bad news, down it goes. citi cutting 11,000 jobs and going to save a billion bucks a year. up a buck 30 on that one. seismic equipment supplier named mitchum, posted what's described as a surprise loss. down 17%. and a defense contractor, posted higher profits. better than expected. maker of tommy
away. we miss him. >> rest in peace. >>> let's check in with bob on that note. hey, bob. >> china. finally something from the leadership. we have been waiting for weeks, months, remember, everyone has been waiting for them to try to find where their desks are and find out where they can live and where they can stay and sit down and get used to the furniture and look around and say what are we going to do with the economy. we've been waiting no comment. we got comment from the party chief who made a speech in beijing and talked about what was going on. he used words like expanding domestic demand. used words like supporting urbanization. this is what everyone wanted to hear. those are buzz words. those are code words for stimulus. that's what the market is reacting to today. 2% move up in china in shanghai and even hong kong stocks. they moved together. this hasn't happened in a long, long time here. the bottom line is we're finally starting to hear from the leadership. they found their offices and things are starting to move and that is certainly very, very good news because now t
tuned. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? >>> let's get final thoughts from our guest host. greg fle
report, seasonaled justments will be a huge factor relative to sandy. >> bob and michelle are here. and my biggest question, if all the companies are pulling the give dends forward, the u.s. government thinks it will be taking in x amount based on what they would normally get for dividends plus whatever the hirer rate is going to be. it will drop substantially, correct? >> you'll get leads and lags in the revenues. a lead into this year, a lag next year. pretty obvious how this works. in terms of tax planning, let hope they know to take account of this. the argument will argue how great this is working and when there's a shortfall, how did that happen. so i hope we don't go that route. but this administration has been very big on these kinds of things, basically distorting what's going on and this current thing about the mandate really bothers me. so i woouldn't -- >> i think the challenge is being forward looking. there's big challenges not just because the challenge in terms of getting all the information, but also if win terms of trying make the budget numbers look good and you
cain and bob dole and others came and pleaded with you to vote for this treaty. >> wolf, the issues -- the rights and privileges, opportunities for the disabled are very important. they're too important to turn over -- >> why were you against this treaty? >> if it's important, why turn it over to united nations? >> senator kerry says they're not turning it over. the united nations is just the body that's going to help other countries do what we are doing here in united states. >> wolf, if that were true, we don't need a legally binding treaty. we can work as an international community to spread our ideas abroad. but america has set the standard for our treatment of the disabled in creating opportunities and removing obstacles -- >> even senator mccain and senator dole, you say they are wrong. >> they are wrong because the united nations cannot take an issue of that importance and carry it effectively around the world. this is the group that wants to make palestine a state, they're the group that wants to regulate the internet. wolf, if you look behind the scenes of the united nation
years that we served together, i as majority leader, bob dole as minority leader, never once did a harsh word pass between us, although we differed on many issues, we debated vigorously on the floor of the senate, but it was not personal and we had dinner a couple times a week to talk about the issues and the problems that we had, and life in general. i think that's missing now, unfortunately. >> so i mean, who do you -- i don't know if blame is the right word, but how do you account for this idea that compromise is a dirty word in some quarters? is it tea party, is it extremes in either party? who is it? >> i think it's a combination of many factors, and i'm not an expert on this. i don't pretend to have all of the answers. but first, you now have redistricting which means that the vast majority of house members are elected in safe seats so the crucial election is not the general election, it's the primary election, and as we know in primaries, there's low participation which gives a hugely disproportionate power to the rigid extremes on both sides. that makes it very difficult. second
himself on having the facts. >> uaw president bob king blamed the koch brothers for helping ram through this legislation. do you believe that? what role did the koch brothers, if any play in all of this? >> it's hard for me to know. i think there is a lot of big money involved. i see this prosperity america. i think that's their outfit. i see equipment and tents and so on. how much big money is flowing around, i don't know. i think they're all over. ed, you have been on this before. we have to get the big corporate money out of politics. this is disgusting. this is a bastardization of our democracy that is taking place. i tell you, democracy is under attack. we have to get the big corporate money out. it's disgusting to think the koch brothers' long arm and big money can make it happen. if it can happen in michigan, it can happen anywhere. working people are under attack. i believe there will be repercussions. >> in what way? >> i think the governor is making a huge mistake. i believe -- i know 14 is a ways off. but look, this governor did not campaign on this. he said very little about
just don't back the governor up. this is a governor that prides himself on having the facts. >> bob king blamed the koch brothers for helping ram through this legislation. what roeld role did they play in any of this? >> there's a lot of big money involved. i see this prosperity america. that's their outfit. i see equipment and so on. i don't know how much money is flowing around. i think they are all over. you have been on this before. we have to get the big corporate money out of politics. this is disgusting. i tell you democracy is under attack. we have to get the big corporate money out. it's disgusting to think the koch brothers money can make it happen. working people are under attack. i believe there will be repercussions. >> in what way? >> the governor is making a huge mistake. i know 14 is a ways off, but this governor, as you said, did not campaign on this. he said little about anything he would do. but he said this wasn't on his agenda. but now suddenly it is. i wonder why? i wonder what changed? so i think that there will be repercussi repercussions. i hope he won't be
, that was you and me and we were driving bob michael and president bush nuts when the democrats were offering them, give us the tax increases now, we'll give you the spending cuts later and we were saying, oh, no, they'll never keep their word on the spending cuts. they'll tax the tax increases. quite frankly, the speaker has a difficult role to play here. he's seen by so many people as the principal guardian of our liberty and of sound economic policy within the context of the majority senate that frankly just think it's good for the country for the government to be bigger. the government is counterproductive to the performance of the rest of the world. >> thank you for coming on. >> i would respectfully suggest that the government is grown too big, promised too much and waited to long to restructure, but it's not too late. and i would also respectfully suggest that both political parties are responsible for that. >> absolutely right. >> we need comprehensive tax reform. and what i'm concerned about is that we're not differentiating between this fiscal cliff, it's the symptom, and the diseas
because we at bob brooks stone capital management have been very bullish in the 2008 crisis. it produced some stellar total return for our clients that include the interest on a tax rebate and appreciation. dennis: would you prefer that i as your client buy an entire bond or maybe ought to buy a basket in an e t f or something. >> without a doubt. the opportunity we have seen through actively managed mutual funds. what happened in 2008 was indiscriminate selling across the entire sector. it created a miss pricing in many of the bonds and a lot of these mass and -- managers were able to take advantage of that. in terms of bikers of vacation and getting access to literally thousands of bonds, a much better plan to actively -- actively managed funds and take individual bonds for your portfolio. dennis: you probably run one of those and get good fees on its though that is totally fine. when i do this i am going to buy bond. and by buying it to hold onto until maturity or am i buying it so i conflict and selling when it goes up in price? >> with funds there is no maturity. you're buying a bas
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